Mumbai, March 11 -- Amid rising geopolitical tensions in West Asia and concerns over global crude oil supply, Kotak Mahindra Asset Management Company Managing Director Nilesh Shah said India is likely to manage the situation effectively, while urging citizens to avoid hoarding LPG cylinders.

Responding to concerns about reports suggesting India has around 25 days of crude oil, Shah expressed confidence that the government would take the necessary steps to ensure the economy remains stable.

"(Like Covid management) I believe that this time also the (government) will take appropriate steps to ensure that our economy does not suffer," Shah said, speaking to the media.

He also appealed to consumers not to hoard LPG cylinders. "If you see w...